Sydbank A/S revised earnings guidance for 2024. For the period, Expectations are revised upwards to a profit after tax in the range of DKK 2,800 million -3,100 million. When the interim report for First Quarter 2024 was published on 1 May 2024 profit for the year after tax was expected to be in the range of DKK 2,500 million -2,900 million.

The upward revision is based on the fact that the development in the core income has been more favourable than anticipated and moreover the robustness of the Danish economy remains impressive considering the interest rate level.